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WASHINGTON, April 21 (Xinhua) -- Powered by strong domestic demand, China's economy is expected to grow by 10 percent in 2010, said the International Monetary Fund (IMF) on Wednesday."In China, GDP growth exceeded the government's 8 percent target in 2009 and is expected to be close to 10 percent in both 2010 and 2011. What has been so far mainly a publicly driven growth path, built on infrastructure investment, is expected to turn toward stronger private consumption and investment," said the IMF in its latest World Economic Outlook report."Boosting domestic consumption will be a priority in China, through improved access to finance for small enterprises and households and stronger corporate governance and social safety nets to reduce precautionary saving," said the IMF.According to the report, in which the IMF said Asia's GDP is projected to grow by 7 percent in both 2010 and 2011, the strength in final domestic demand in China is expected to have positive spillovers for other Asian economies, particularly exporters of commodities and capital goods.In the report, the IMF said "the global recovery has evolved better than expected, with activity recovering at varying speeds, tepidly in many advanced economies but solidly in most emerging and developing economies."The world economy, which declined by 0.6 percent in 2009, will recover gradually in 2010 and 2011, growing by 4.2 percent and 4.3 percent respectively, said the IMF.

BEIJING, June 1 (Xinhua) -- China has promising growth prospects and should not be blamed for world imbalances, says Danny Quah, a renowned British economist."Emergency financing that was placed in the Chinese economy to counter the downturn from the 2008 global financial crisis was the right thing...The imbalances is a global problem, not a China problem," said Quah, a professor at the London School of Economics and Political Science.China did the right thing in infusing its economy with fiscal stimulus, Quah said in a recent interview with Xinhua.He also declined to describe the ballooning real estate prices as a bubble, pointing out "the strong fundamentals" of China's economy.He said the expansion of China's housing construction will be proved useful eventually, given the fact that "China is still engaging in the task of moving hundreds of millions of people from rural areas to urban China to continue to power its manufacturing and industrial progress.""So I would not describe it as a collapse of real estate bubble, we can look forward to a rationalization of housing and real estate prices," Quah said. "The improvement and expansion of housing stock will play an important role in continuing to move the Chinese economy forward.""I think Chinese fundamentals will continue to be strong. And a little bit of high inflation, as long as it doesn't break out into some kind of runaway high inflation, is probably no bad thing," he said. "We will get it under control again as the Chinese government did previously."On allegations that China deliberately keeps its currency RMB weak to obtain unfair advantages in trade with countries like the United States, Quah said people who draw such a false conclusion are misguided."The United States is running a trade deficit not just against China. It is running a trade deficit against almost 100 other countries," he said. "China is not unique in how it is exporting more to the United States than it's importing."The U.S. government was beginning to run a large trade deficit long before China's trade surpluses started grow, he added."If you take the ratio of China's bilateral trade surplus against the U.S. as a fraction of the U.S.' overall bilateral trade deficit against all of the countries, it has remained constant over the last 15, 20 years," Quah said.

SHANGHAI, May 12 (Xinhua) -- Chinese people at the Shanghai Expo Wednesday took time to remember the devastating earthquake that hit southwest China's Sichuan Province two years ago to the day.Among the event's international community, people from Chile and Haiti also reflected on the earthquake tolls in their own countries.QUAKE-PROOF BUILDINGSIn the Broad Pavilion, a long line of silent visitors waited to enter a 20-square-meter quake-proof house where an 8-magnitude earthquake was being simulated.The strength of the simulation was the same as the tremor that left more than 80,000 people dead or missing in Sichuan.Broad Company, a major air-conditioner maker in China, was trying to reproduce the destructive power with a shaking and thunderous noise that seemed to rock the small house seemed close to destruction."I feel great sympathy for the victims. My grief goes beyond words, and I can only pray that all people live in happiness, peace and health," said a monk from Gemeng Temple, Sichuan.At 2:28 p.m., exactly the time the quake hit two years ago, all the people in the pavilion held a tribute. Commemorative poems were recited, describing the losses of family members, clearly moving many visitors.Li Bin, deputy head of devastated Beichuan County, who was present, recalled, "Two years ago, buried under the debris, I was filled with fear of death and hope for life. Today, standing in the pavilion of a great Expo, all sorts of feelings well up in my mind."Technological solutions to withstand earthquakes were also on display. Two years of research by Broad Company had resulted in a pavilion, which was propped up by light steel pillars above the ground.FROM SICHUAN TO QINGHAIYi Yang, deputy director of the Sichuan Pavilion, rose early Wednesday so that he could arrive before the crowds.Yi and representatives from Sichuan had prepared gifts for visitors to commemorate the quake and show gratitude for the help they had received.With the arrival of visitors, seven girls of the Qiang ethnic minority sang folk songs and showed their needlework skills."The phoenix in our embroidery and the flower mentioned in our song carry the message of good luck and happiness. We want to give them to Expo visitors and all the people who helped us," said performer Yechu Nambar.A member of the Qiang ethnic minority, Yechu Nambar is a native of Maoxian County of Aba Tibetan and Qiang Autonomous Prefecture. Her hometown was one of the areas hit hardest by the earthquake.People from all walks of life and resources from around the country were sent to assist the Qiang and save their endangered folk culture."Today we can express our most sincere and heartfelt gratitude to all the people who helped us," she said.Elements featuring the earthquake are noticeable at the Sichuan Pavilion. A digital screen depicts the relief operation and reconstruction.

UNITED NATIONS, April 21 (Xinhua) -- China's national flag on Wednesday was flying at half-mast at its permanent mission to the United Nations to mourn Yushu earthquake victims.In a solemn ceremony at the mission's residence in New York, the entire mission staff and some staff members of Xinhua News Agency observed a minute of silence to mourn the victims of the 7. 1-magnitude earthquake in northwest China's Qinghai Province.Chinese Ambassador Li Baodong told reporters that after the earthquake, the international community has extended sympathies and condolences to the Chinese government and people, and expressed support for and spoken highly of the government's swift and effective earthquake relief efforts.In their letters to Chinese President Hu Jintao, UN Secretary- General Ban Ki-moon and UN General Assembly President Ali Abdussalam Treki highly commended the Chinese government for its timely and effective measures in the earthquake relief process, Li said.The UN leaders also expressed deep admiration for Hu and Premier Wen Jiabao's decision to shorten overseas itinerary or postpone planned visits to join the people in the quake zone, Li said.The representatives of many other countries' missions to the UN, as well as the heads of some international organizations, also expressed their sympathies and support for China, he noted.The Chinese staff working at the United Nations also made sympathy calls and offered donations to support disaster relief effort, the Chinese ambassador added.

BEIJING, June 1 (Xinhua) -- Chinese President Hu Jintao on Monday encouraged children to be ambitious and pursue an all-round development while touring a museum in Beijing along with children from home and abroad ahead of the International Children's Day."You will be the driving force of the country's development in the future... You should be always ready to contribute your wisdom and strength to the building of a prosperous, democratic, civilized and harmonious modern socialist country," Hu told Young Pioneers who accompanied him at the China Science and Technology Museum.All the representatives of the sixth national congress of the Chinese Young Pioneers, the country's largest children's organization, took part in the tour with the President, as well as other children from home and abroad.Chinese President Hu Jintao joins the children and delegates to the 6th National Congress of Chinese Young Pioneers to visit China Science and Technology Museum in Beijing, May 31, 2010. Hu expressed holiday greetings to children of all ethnic groups and wished the once-every-five-year congress a complete success, which was scheduled to be held on Tuesday and Wednesday.The Young Pioneers, whose 130 million members are mainly primary and secondary school students aged between 7 to 14, constitute the majority of Chinese children."Children from home and abroad should strengthen exchanges, learn from each other and make progress together, so as to build the world in a better way in the future," Hu said.Wearing a red scarf presented by a Young Pioneer, Hu visited several exhibits about science and technology, during which he talked with children around him from time to time.The museum presented a special exhibition during the Children's Day, which falls on Tuesday, to educate children in science and amuse them with science-themed displays and interactive programs.While visiting the exhibit about safety education, Hu urged the whole society to pay high attention to children's safety and ensure children grow up in a safe environment.Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, Vice President Xi Jinping and Vice Premier Li Keqiang also visited the exhibition on Monday, among other senior leaders.